Despite oil price tensions and strengthening domestic demand, the inflation performance remains subdued. Barring another oil spike, the headline rate is likely to ease further during the course of the year.
A March rate hike is a done deal.
We don't see any change this year. Economic indicators seem to suggest there will be no change in interest rates in the short term.
We don't see another rate rise, but we recognize that the risk is still there, due largely to oil prices -- the oil market remains vulnerable for both supply and demand reasons,
Services and probably consumer spending drove the increase in GDP. It makes a rate cut less likely for the moment.
It's a stellar performance, a very strong reading. It means a March rate hike is a done deal.
In order to move interest rates higher, the ECB needs to be confident about the sustainability of the economic upswing, especially on the consumer side.